The global aviation industry is facing an unprecedented crisis due to the outbreak of COVID-19, affecting people and industries worldwide. As governments around the world have put in place measures to curtail the spread of the infection, airlines have substantially reduced flights globally, leading to significant changes in bookable flights and airfare prices.
At Infare, we want to give our partners an open assessment of the overall outlook as we see it with our data.
Through the careful analysis of our data and the development of the unique market trends visual analytics tool by our exclusive partner Air Cube, we have been able to draw insights on how markets have adjusted their traffic and prices, at a global, regional and local level. We look at how airlines are preparing for a progressive ramp-up of their flights and adapting pricing as the confinement measures are progressively lifted over time.
October 1, 2020
- The number of bookable flights observed the week of 24 September 2020 for departures the week of 1 October 2020 is 50% below the number offered for the same week last year. This trend remains unchanged from previous observations.
- Looking six months ahead, we still see a ramp-up leading to similar volumes year-over-year, starting at the end of October / early November 2020. This trend remains unchanged from previous observations.
- On average, between October 2020 and March 2021, the number of bookable flights globally is equivalent to 90% year-over-year; respectively 60% YOY in APAC, 75% YOY in EMEA, and 110% YOY in the AMRS. The most significant changes are observed in China and the USA.
- Regarding the evolution of airfares, continuing the trend of the past two months, prices globally remain at the same level compared to the same period last year with variations between regions.
- China and Europe continue to show higher airfares on both domestic and international markets.
Stay tuned for new insights coming soon!
To build this report, we extract our insights from a unique solution developed by exclusive partner Air Cube and powered by Infare data. As our solution is evolving, so will our insights.
Expect new insights thanks to a solution powered by an even richer dataset,
and to the release of additional new market indicators (KPIs).
Our unique market trends are built with a rich sample of bookable airfares collected from 835 traffic-intensive airport pairs worldwide and 72 major carriers. These airfares are observed week after week for a six-month departure window; this will remain consistent during the entire period of observations to secure its insights accuracy. Flights and prices are observed from a region to all destinations worldwide.
The data visualisation tool used for those insights comes with an additional dataset even richer in content as it features bookable airfares collected from more than 77,000 traffic-intensive airport pairs worldwide and over 360 carriers.
Since the crisis is dynamic, giving limited visibility on its duration and final consequences, it is important to note that the purpose of this analysis is to present facts and indicators as we observe them through our datasets and tools today. As the situation continues to evolve, and we see changes in flights and prices, we will update these insights regularly and make them available on this webpage.
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